An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.
May 14, 2023The global implementation of the ISO 20022 standard beginning in March 2023 marks the start of an exciting new era for cross-border payments, says Kevin Wong.
February 22, 2023David Griffiths, Head of Regulatory Affairs at Eventus, discusses the common challenges associated with off-the-shelf-transaction monitoring systems and what a more effective approach looks like.
February 20, 2023Project Aurora will study privacy-enhancing technologies, machine learning methods, network analysis, the use of additional data sources, and "machine-readable typologies".
February 13, 2023Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.
April 13, 2022SWIFT was recognised for its sanctions testing service as well as its newly-launched real-time transaction screening solution, designed for ISO 20022.
December 10, 2021Exiger's DDIQ solution enables firms to identify, validate and analyse risk indicators globally at high speed and at scale.
December 10, 2021Richer data in ISO 20022 messages allow financial institutions to potentially reduce false positives in sanctions screening, SWIFT says.
October 6, 2021Napier's Luca Primerano, Greg Watson, and Robin Lee talk to Regulation Asia about efforts to automate and enhance financial crime risk management processes.
October 5, 2021Matthew Field discusses how Japan's FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
September 24, 2021